# Oil surged Monday after the U.S. moved to block Iranian shipping following failed peace talks.

*business · news · 2026-04-13 · Investing.com*

## Key points

- Japan’s 10-year government bond yield reached a 29-year high of 2.49% after U.S.–Iran tensions escalated.
- The U.S. Navy is preparing to blockade Iranian ports following the collapse of peace talks.
- S&P Dow Jones Indices is launching a new credit-default swap index tied to the private credit market.
- Gold dipped to a near one-week low as surging oil prices reduced expectations for Fed rate cuts.

**Companies:** Goldman Sachs, JPMorgan, Wells Fargo, Citigroup, Taiwan Semiconductor Manufacturing, BlackRock, Bank of America, Fastenal, Progressive, JB Hunt, PNC
**Countries:** United States, Iran, Japan, China, Hong Kong

[Read the full story on Investing.com](https://www.investing.com/analysis/peacetalk-collapse-roils-markets--warsh-hearing-earnings-to-test-wall-street-200678290)

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